It means Brendan Rodgers has taken his summer spending spree to around £60m, with Emre Can, Adam Lallana and Rickie Lambert already arriving at Anfield.

Some may believe splashing a large chunk of cash on a relatively unknown youngster brings with it a significant amount of risk. But try not to worry, Liverpool fans, here’s why you should be excited about Lazar Markovic:

1. Product of class

Markovic signed for Serbian football giants Partizan Belgrade at the age of 12 as part of their acclaimed Youth School Belin academy.

If their coaching ability is anything to go by, then Liverpool fans can rest easy. Partizan have produced the likes of Manchester City duo Stevan Jovetic and Matija Nastasic in recent years.

2. International talent

Having broken into the Partizan first team at just 17, Markovic was rewarded with a professional five-year-deal in a bid to fend off interest from European clubs, one of them being Chelsea.

The left-winger went on to captain Serbia under 19’s, excelled at under 21’s, and managed to break into the senior squad all before he’d legally be allowed a pint of beer in England.

3. Time to get shirty

If you want to beat the crowds at the club shop by getting your shirt printed early, then there’s a good chance you can guess what number he’ll wear.

Markovic has worn number 50 at his previous two clubs and safe to say it won’t be in high demand at Anfield, previously worn by Adam Morgan and Cameron Brannagan...*cough*

4. Fans favourite

During his time at Partizan, Markovic was an instant hit with their passionate fans who voted him player of the year on the club website in 2011 at the age of just 17.

And how do you endear yourself to the Benfica fans after £9m move? Scoring the equalising goal against your fierce rivals Sporting Lisbon should do it...

Liverpool fans will be hoping he can make a habit of that, and Everton visit Anfield on September 27th.

5. Feisty one you are

Markovic missed Benfica’s Europa League final victory because of a red card he picked up in the semi-final. In injury time in the second leg against Juventus, Markovic, who had already been substituted at the time, received a straight red card for a touchline fight with his opponent Mirko Vučinić.

Liverpool fans will miss the commitment, fight and displays of passion that Luis Suarez brought to the field of play in a red shirt, but by the looks of things, Lazar Markovic has plenty of it too. With, hopefull, slightly less bite.

Despite missing the final, UEFA still rewarded his outstanding contribution by including him in the Europa League Team of the Year.

6. He’s not a replacement

The Serbian is not to be considered a like-for-like replacement for last season’s top Premier League goalscorer.

Markovic - who says his boyhood hero is Gianfranco Zola - excels predominantly from the left-wing, but has previously been deployed in a central number 10 role behind the striker.

With a devastating turn of pace, he’s likely to attack full backs in unison with Raheem Sterling, as part of a deadly front three with Daniel Sturridge.

7. Rodger that, gaffer.

During his two seasons as Liverpool manager, Brendan Rodgers has made a habit of bringing through and developing young talent at Anfield.

Raheem Sterling, Jon Flanagan, Suso and Coutinho have shown real potential during his tenure. And even Jordan Henderson - who once looked like his Liverpool career was going to come to an early disappointing end - has shone.

At 20 years of age, Rodgers cans still mould Lazar Markovic into the type of player that will suit his, and Liverpool’s, style of attacking football.